The 36-month beta value for GNLN is at 1.83. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GNLN is 3.70M, and currently, shorts hold a 0.29% of that float. The average trading volume for GNLN on April 16, 2024 was 248.34K shares.
GNLN) stock’s latest price update
The stock price of Greenlane Holdings Inc (NASDAQ: GNLN) has jumped by 16.14 compared to previous close of 0.60. Despite this, the company has seen a gain of 35.28% in its stock price over the last five trading days. InvestorPlace reported 2024-04-14 that Owing to their low market capitalization, penny stocks are notoriously volatile. Like altcoins, this drives speculative trading and pump and dump schemes.
GNLN’s Market Performance
Greenlane Holdings Inc (GNLN) has seen a 35.28% rise in stock performance for the week, with a 49.80% gain in the past month and a 31.45% surge in the past quarter. The volatility ratio for the week is 17.19%, and the volatility levels for the past 30 days are at 20.48% for GNLN. The simple moving average for the past 20 days is 32.04% for GNLN’s stock, with a 9.36% simple moving average for the past 200 days.
Analysts’ Opinion of GNLN
Many brokerage firms have already submitted their reports for GNLN stocks, with Jefferies repeating the rating for GNLN by listing it as a “Buy.” The predicted price for GNLN in the upcoming period, according to Jefferies is $6.30 based on the research report published on October 01, 2021 of the previous year 2021.
Cowen, on the other hand, stated in their research note that they expect to see GNLN reach a price target of $5. The rating they have provided for GNLN stocks is “Outperform” according to the report published on September 10th, 2021.
Alliance Global Partners gave a rating of “Buy” to GNLN, setting the target price at $6 in the report published on September 07th of the previous year.
GNLN Trading at 45.50% from the 50-Day Moving Average
After a stumble in the market that brought GNLN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.91% of loss for the given period.
Volatility was left at 20.48%, however, over the last 30 days, the volatility rate increased by 17.19%, as shares surge +58.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.12% upper at present.
During the last 5 trading sessions, GNLN rose by +35.28%, which changed the moving average for the period of 200-days by -47.62% in comparison to the 20-day moving average, which settled at $0.5405. In addition, Greenlane Holdings Inc saw 34.50% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GNLN starting from Snyder Craig A., who purchase 1,200 shares at the price of $0.32 back on May 22 ’23. After this action, Snyder Craig A. now owns 14,243 shares of Greenlane Holdings Inc, valued at $384 using the latest closing price.
Stock Fundamentals for GNLN
Current profitability levels for the company are sitting at:
- -0.49 for the present operating margin
- 0.25 for the gross margin
The net margin for Greenlane Holdings Inc stands at -0.57. The total capital return value is set at -2.25. Equity return is now at value -162.38, with -88.68 for asset returns.
Based on Greenlane Holdings Inc (GNLN), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at -0.3. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is -6.27.
Currently, EBITDA for the company is -42.99 million with net debt to EBITDA at -0.25. When we switch over and look at the enterprise to sales, we see a ratio of 0.12. The receivables turnover for the company is 15.44for trailing twelve months and the total asset turnover is 1.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
In conclusion, Greenlane Holdings Inc (GNLN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
